Jan 3 Refiner Delek U.S. Holdings Inc
said it had agreed to buy the shares of Alon USA Energy Inc
it does not already own in a deal that values Alon USA
at about $868 million.
Delek on Tuesday offered 0.504 of its shares for each
outstanding share of Alon USA. The company, which holds about 47
percent of Alon USA, had offered 0.44 of its shares in October.
Based on Delek's closing price of $24.07, the offer works
out to $12.13 per share, a 6.6 percent premium to Alon USA's
(Reporting by Swetha Gopinath in Bengaluru; Editing by Maju